Share Name Share Symbol Market Type Share ISIN Share Description
Plaza Centers N.v. LSE:PLAZ London Ordinary Share NL0011882741 ORD EUR1.00
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 30.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
23.00 38.00 30.50 30.50 30.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 1.29 -29.84 -4.36 211
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.50 GBX

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Date Time Title Posts
11/2/201910:32Plaza Centers, European developer. PE sub 3, 9% yield84

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Plaza Centers N.v Daily Update: Plaza Centers N.v. is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker PLAZ. The last closing price for Plaza Centers N.v was 30.50p.
Plaza Centers N.v. has a 4 week average price of 30.50p and a 12 week average price of 30.50p.
The 1 year high share price is 40p while the 1 year low share price is currently 25p.
There are currently 692,415,878 shares in issue and the average daily traded volume is 86 shares. The market capitalisation of Plaza Centers N.v. is £211,186,842.79.
mudbath: What are your current views on PLAZ greedfear ?
greedfear: An updated debt restructuring. We're going to enter exciting times for PLAZ and us shareholders. What would you do if you were a bondholder and get the feeling bondholders will agree with the restucturing while there's a huge gap between nav and sp? Exactly! Start buying PLAZ shares. Truly a greed and fear play ...
greedfear: That's why I've been in for some time. Returns can be amazing once investors decide to return to property. A lot of funds have been writing off substantial amounts on their property. Also a lot of those funds have a huge gap between share price and (an allready very depressed) net asset value. Think about what will happen if the gap starts closing while net asset value will start to increase. It's a bit OT here (sorry about that) but ECDC for instance has a 80% discount to net asset value. The crown jewel is a 40% interest in a class A Bucharest office ( value of that 16-17 euro cents per share). This office yields something like 8% that's very high compared to other countries while yields have been 6.25% in Bucharest not so long ago. Rents in Bucharest seem to have bottomed. Any renewed interest in real estate and all ingredients are there for the share price to take off. They've got some other real estate investments in their portfolio written off to practically nothing. 30 eurocents nav (17p of that in Cascade) yet shares can be bought at 5.5 eurocents. Problem with ECDC is that's quite difficult to read their numbers. I'm quite convinced real estate funds are where the money is to be made now (have been for some time frankly, quite a number of them have doubled-tripled last year or so.
greedfear: It is, because they invest a lot in distressed securities based on fundamental analysis. Also specialized in arbitrage, hedging and bonds. This is right up their alley. Makes me think they might have a position in the bonds being in a position to influence any outcome of creditors voting in the court meeting in april. Other bondholders might follow their strategy which can be very worthwhile as there's a large gap between share price and net asset value (12->70). I'm in and willing to watch and learn.
mudbath: Davidson Kempner Capital Management LLC is an event-driven hedge fund manager. Plaza Centers N.V. ("Plaza" or the "Company"), announces that it has received notification that Davidson Kempner Capital Management LLC, now holds 16,478,999 shares in the Company, representing approximately 5.54% of the entire issued share capital of the Company. Interesting.
muzerewa: Good luck with your investment. I have looked at these but decided not to invest now. The Baker Tilly cash realization forecasts for the 5 years seem rather back-ended and depend on successful development and exit of a major shopping center project in Romania (Casa Radio). This is challenging in view of current climate in Romania, where many shopping centers have come on to the market in the last 3-5 years, so competition is quite strong, and some are trading very poorly. Bank financing to fund major property development is still hard to come by, particularly as many local banks are only now going through the painful process of taking write downs on loans made during the boom period. Of course over the medium term things can improve sentiment-wise, and any improvement will be beneficial to the investment case. But I have a feeling there'll be lots of opportunity to pick this share up at a "bargain" over the coming months/years. There may be short term share price bounce in the event of successful capital reorganization/rescheduling of bond obligations. If I was investing at current prices I think I'd inclined to take profits in the event of any bounce either at the time of announcements, or in advance of them, if the price ticks up as news leaks out.
greedfear: Must be the bottom. If bond holders agree there probably is going to be a right issue that corresponds with 6p for each share issued till now. The volume doesn't look like people wanting out at this level. There is/are seller(s) though but not being very agressively. Probably investors that do not want to invest more into PLAZ but willing to take part in the right issue. Freeing up money to do so, but it would not make sense for them to sell below 6p or so as that would be the contribution per share PLAZ would ask from their shareholders for every share held if the right issue would take place. Can't afford to buy anymore PLAZ alas. Anyway, just my two pennies.
greedfear: I'm a buyer here and will continue to do so if share price collapses any further. Plaza has got top class assets and "only" a liquidity problem. There are risks, sure, but the discount to NAV is overdone. Expect 3-5x current share price within a couple of months time. DYOR and BOL. lol.
muzerewa: now this. And the share price rises!
Plaza Centers N.v share price data is direct from the London Stock Exchange
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